Prospect News reports four new defaults for week of Nov. 1 to Nov. 7

By Caroline Salls

Pittsburgh, Nov. 9 – Prospect News reported four new defaults for the week of Nov. 1 through Nov. 7.

Specifically, Prospect News reported Chapter 11 bankruptcy filings made by Taco Bueno Restaurants LP, PGHC Holdings, Inc., Dixie Electric LLC and Aegean Marine Petroleum Network Inc.

Prospect News also reported a Chapter 11 bankruptcy filing made by PetroQuest Energy, Inc. and a missed interest payment on Reliance Communications Ltd.’s 6˝% notes due 2020, but both of those companies had previously defaulted.

So far in 2018, Prospect News has reported 136 defaults, including 69 Chapter 11 bankruptcy filings, 27 missed interest payments, six missed principal payments, four each of bankruptcies and missed principal and interest payments, three each of Chapter 7 bankruptcy filings, Chapter 15 bankruptcy filings and distressed exchanges, two each of administrations, liquidations, debt-for-equity exchanges and schemes of arrangement and one each of Companies’ Creditors Arrangement Act filings, compulsory liquidations, composition of creditors filings, insolvencies, involuntary Chapter 7 cases, missed interest payments paid late, missed payments, recapitalizations and restructurings.

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